As Texas and much of the U.S. confronts the challenges of this winter storm, the bitcoin mining industry in Texas is playing a part in supporting the Texas grid during this challenging time by proactively curtailing power. Bitcoin miners in Texas and the Texas Blockchain Council are working with grid operators in Texas as they are closely monitoring the situation, and stand ready to contribute to...
Eagle Bitcoin ATM is excited to announce the launch of Australia's first Bitcoin ATM with Lightning capability. The new ATM has been installed at The Strand Shopping Centre in Coolangatta and is now available for use by the public. The Bitcoin ATM allows users to easily buy and sell Bitcoin using cash, and is equipped with the latest technology including Bitcoin Lightning capability for faster, cheaper...
TradeCrypto is a young crypto platform that has caught the eye of many crypto enthusiasts. It regularly covers all aspects of the industry, from tokens and blockchains to NFTs, metaverses, and Web 3.0, offering daily news coverage, reviews, and crypto guides. [PR.com]...
After the March 5, 2024 end of the upward trend, the price of Shiba Inu is now in a horizontal direction.
Altcoin recovered from the previous downturn. The uptrend stopped after it reached the high of $0.00004552. Due to a strong rejection of the recent high, the altcoin dropped abruptly to $0.00002500. Altcoin's current value is $0.00002407. SHIB is trading within a small range between $0.00002100 and $0.00003500, since March 5, 2024. Altcoin's price has been largely stable over the last month.
The price action was dominated mainly by doji candles, which held the price flat. Altcoins are now consolidating over their lower price range.
The moving average lines have remained horizontal due to the sideways trend. Price bars are lower than moving average lines but selling pressure has eased. A long candlestick tail on April 13, 2024 indicates a significant demand for lower prices.
Key Resistance Levels: $0.00001200 $0.00001300 $0.00001400
Key support levels: $0.00000600, $0.00000550, $0.00000450
SHIB's trading range has remained the same over the last month. If buyers maintain the price above moving average lines, and the $0.00003500 level of resistance, the uptrend will begin. Altcoins are currently in a downward trend and have reached their lowest price range. The price has moved minimally.
Disclaimer. This analysis and forecast is the personal opinion of the author. It does not constitute a recommendation for the purchase or sale of cryptocurrency, and should not therefore be considered as a endorsement by CryptoGuestPosts. Before investing in funds, readers should conduct their own research.
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Autofarm, a multi-chain DEX and yield aggregator protocol deployed on 19 EVM-compatible chains, and listed on top exchanges, has announced the research, development and integration of advanced Artificial Intelligence (AI) and Machine Learning (ML) technologies through the creation of AutoLabs, an in-house AI research division. The goal is to analyze real-world data dynamically and make autonomous decisions for optimal [PR.com]...
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On April 13, 2024, the price of Litecoin fell to 70 dollars. CryptoGuestPosts provides a price analysis.
Bulls have stopped the decline by raising the support level to $73. After the end to the downtrend, Litecoin started a sideways movement above the $73 resistance but below the moving-average lines or resistance of $90.
On the upside Litecoin has stopped its uptrend at the moving-average lines. This indicates that the cryptocurrency could be bound to a range. Litecoin's price is currently in the middle of it range. The uptrend of Litecoin will start when it crosses above the moving-average lines. It will rise to its previous high price of $10 Litecoin, if the current support is lost, will also fall below its $70 previous low. It is currently valued at $85.
The moving average lines on the 4-hour chart are horizontally sloping, which indicates a sideways movement. The price bars are dominated doji candles that are above the moving averages. This is why traders are ambivalent about the direction of the market.
Resistance Levels: $100, $120 and $140
Support levels: $60, $40, $20
Litecoin is continuing to trade in a range and has risen over the $73 level of support. The altcoin consolidates above the current support in the short-term with the appearance of doji candles. Altcoins are currently trapped between the moving average line and buyers who try to keep the price above the lines. If the cryptocurrency's recent high is rejected, then price will rise.
Disclaimer. This analysis and forecast is the personal opinion of the author. It does not constitute a recommendation for the purchase or sale of cryptocurrency, and should not therefore be considered as a endorsement by CryptoGuestPosts. Before investing in funds, readers should conduct their own research.
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